Abusing GRAM transfers to impersonate Binance; demanding asset transfers to fake vaults

Binance co-founder He Yi warned of a scam exploiting Telegram's GRAM transfer feature, in which fraudsters send users small amounts of GRAM with a memo disguised as an "official Binance notice" claiming the exchange was hacked and directing victims to move assets to a fake "Binance insurance vault." The warning comes after Binance disclosed on October 30 that roughly $6.3 billion in tokens were drained from a hot wallet attack, with the company stating it would not pass losses on to users. The scheme matters because it leverages Telegram's payment memo field to impersonate official exchange communications at scale, targeting users already anxious about the breach. Watch for Binance's official channels to issue further clarification, potential takedowns of scam wallets, and whether user funds affected by the October 30 incident are fully covered.